IMF official spells out goals of Pakistan’s new programme

Transcript

00:00The IMF is ready to sign a $7 billion deal with Pakistan under the 37-month program of the IMF.

00:08The new deal will be based on the approval of the Executive Board.

00:11According to the IMF announcement, the new loan will be the reason for economic recovery in Pakistan.

00:16In the past year, there has been a decrease in inflation in Pakistan.

00:19The exchange rates of Pakistan have improved and economic recovery has gained momentum in Pakistan.

00:25The IMF has expressed hope that Pakistan will increase taxes for economic recovery.

00:31In Pakistan, GDP will increase by 1.5% in the tax year.

00:36During the loan program, the share of GDP will be increased by 3%.

00:40There will be an increase in direct and indirect taxes in Pakistan.

00:44Tax will be increased in the number of debtors.

00:47The tax net will be increased in the retail sector.

00:50Tax receivables will be better than the income sector.

00:53The tax net will be increased in the agricultural sector.

00:56Tax revenue will increase and more funds will be available for the social sector.

01:00Education will increase and more resources will be available for health care.

01:04According to the announcement, there is a need for joint economic efforts in Pakistan.

01:09According to the 98th amendment, the provinces have more resources.

01:12The fair distribution in expenses will have to be looked at again.